February 1, 2025 SaaS Sales tax by state: should you charge sales tax on digital products? January 13, 2025 Nexus Economic nexus: Which sales count toward thresholds? December 6, 2024 Industry Sales tax by state: Is SaaS taxable? byTaxJarNovember 24, 2024 Read more
However, just because you have met a nexus threshold in a state does not mean that you are required to collect sales tax. Not all goods and services are taxable – and if the items that you are selling are not taxable, then you are not required to collect sales tax on those items. H...
Average Purchase Value: How much does a customer spend on average per purchase? (e.g., if your typical transaction is $50, that’s the average purchase value.) Average Purchase Frequency: How often the average customer buys from you in a given time period. (e.g., 2 purchases per month...
which includes both state and local sales taxes. It is up to consumers to calculate and pay use taxes on any applicable purchases they make. A resident who does not pay use tax may be subject tointerestand penalties.2
Depreciation follows a systematic, predetermined schedule to allocate an asset's cost over its useful life, reflecting expected wear and tear from normal use. For example, when a delivery company purchases a new truck for $50,000 with an expected five-year life, it might recognize $10,000 in...
mortgage loan to close. The owner's policy, which covers the home buyer, is optional. The customs for who pays for title insurance vary by region. In some areas, for example, the home buyer usually purchases the lender's policy, and the seller purchases the insurance for the home buyer....
Here are some reasons your tax refund may take a while to receive this year – and tips for what you can do if yours is late. Kimberly LankfordApril 23, 2025 Don't Let Food Eat up Your Budget Keep your costs down by limiting purchases of the most inflated items like oils, ...
Here are some reasons your tax refund may take a while to receive this year – and tips for what you can do if yours is late. Kimberly LankfordApril 23, 2025 Why Is Your Tax Refund Delayed? Keep your costs down by limiting purchases of the most inflated items like oils, sweets and be...
What is important to include in a financial statement analysis in terms of the income statement when assessing the financial statements? What is the journal entry for when the owner borrows money from business? What does the statement costs can be assets or expenses mea...
What does net purchases mean in accounting? Which Net investment income not imposed tax by IRC 1411? What is the difference between excise tax and sales tax? How does the term income tax liability apply to corporations? How do tax shelters work? What are the differences between taxable benefit...